A cryptocurrency transaction ID, also known as a transaction hash or TXID, is a unique identifier generated to recognize each transaction on the blockchain.
Every time a transaction occurs in a cryptocurrency network, whether it’s Bitcoin, Ethereum, or another type of crypto, the details of the transaction such as the sender’s address, the receiver’s address, the amount sent, the time, and other relevant information are recorded and encrypted into a unique string of alphanumeric characters. This string, or hash, is the transaction ID.
You can think of a transaction ID as the equivalent of a bank transaction receipt. It allows users, as well as the broader network, to track and verify the status of transactions on the blockchain.
You can use this transaction ID on a blockchain explorer, a kind of search engine for blockchain transactions, to look up the transaction details and confirmations. This is an essential feature for troubleshooting transaction issues, ensuring transparency, and maintaining trust within the network.
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From the app’s home screen, tap on the “Funds” icon in the bottom toolbar.
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Select the blockchain of the transaction ID you are looking for. For example, if your transaction was on the Bitcoin blockchain, select Bitcoin.
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Choose the wallet of the transaction you are looking for (eg. “My BTC Savings Wallet.”) This will display a list of all transactions for this wallet.
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Select the transaction you want the TXID for. This will display information about the transaction.
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Select “Share transaction” or “View transaction on block explorer.” If you select “View transaction on block explorer,” the transaction ID (Transaction hash) is displayed at the top of the page. You can tap the copy icon next to the transaction ID to copy it to your clipboard. You can safely share your transaction ID with anyone. When viewing your transaction on the block explorer, you will see information such as senders, recipients, amount transacted, and more. Learn more about how to use a blockchain explorer here.
